News

Bond fund managers forecast a bleak future for the UK as the markets continue punishing Greece for its debt problems.

The FTSE slumped 1.14% to 5080.80 in early trading as it continues to be battered by global concerns over the economy and debt issues in Greece and Portugal.

Aegon has launched a global absolute return fund targeting investors seeking global macro exposure.

The Newton Cautious Managed fund will waive its initial charge until the end of May, following a move to the IMA Cautious Managed sector under new manager Simon Nichols.

Ignis Asset Management has teamed up with specialist credit investment manager Castle Hill Asset Management.

The Bank of England has frozen its quantitative easing programme and kept interest rates on hold.

Liontrust reported assets fell by about 8% to £1.2bn in the final quarter of last year.

Shares fell in London this morning with miners losing ground after high metal prices increased their value earlier this week.

Aviva Investors recorded net inflows of £0.9bn over the twelve months to 31 December 2009.

The IMA is calling for the introduction of a new type of fund structure it says will send out a "strong signal" the UK is serious about providing cross-border funds, ahead of the introduction of the new UCITs IV Directive.